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(Health-NewsWire.Net, May 10, 2022 ) The global Rosacea Therapeutics Market is estimated to reach US$ 7.61 Bn at a CAGR of 6.2% by the year 2032. With remote monitoring comes remote surgery. With digital twinning, this surgery becomes feasible. This could help in saving on prices of development of complex medical products, thereby improvising on the time-to-market metric. This would be the thing with the healthcare vertical in the upcoming period.
As per Persistence Market Research’s latest industry analysis, expanding at a CAGR of 6.2%, the global rosacea therapeutics market is projected to increase from a valuation of US$ 3.94 Bn in 2021 to US$ 7.61 Bn by 2032.
Rosacea is a common skin condition characterized by raised blood vessels and redness on the face, where the nose and cheeks are the most affected areas. The signs and symptoms of rosacea are small red pus-filled bumps that may burst periodically.
Around half of the patients experience dry irritated eyes and swollen red eyelids. Other symptoms include an enlarged nose and thickened nasal skin (rhinoplasty). Rosacea mainly affects middle-aged women with fair skin.
According to the National Rosacea Association, rosacea affects around 15 million people worldwide. Prevalence of rosacea in the general population is estimated at 2.5% to 5.5%.
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Lack of curative treatment for rosacea has resulted in the emphasis on symptomatic treatment to control or eliminate its various signs and symptoms. Growing out-of-pocket expenditure is another driver for the market owing to the rising emphasis on personal health.
Key rosacea therapeutic service providers are focusing on market expansion through collaborations and acquisitions. They are promoting their products at professional scientific meetings and conferences. This promotional strategy will be very impactful to penetrate the market.
Sales representatives of companies directly contact professionals and physically present their product offerings, thus expanding their company’s presence into different geographies.
An example is, in Feb 2022, Novartis experienced mid-single digit sales growth, margin expansion, and advancement of its robust pipeline.
Company Profiles:
Lupin Ltd
Dr. Reddy’s Laboratories Ltd
VIATRIS (Mylan N.V.)
Ajanta Pharma Ltd
Cipla Ltd
Gary Pharmaceuticals P Limited
Glenmark Pharmaceuticals
Teva Pharmaceutical Industries Ltd.
Mission Pharmacal
Sanofi SA
VYNE Therapeutics
Galderma
Bayer AG
Bausch Health Companies Inc.
Hovione
PruGen Pharmaceuticals
AbbVie, Inc.
Eckson Labs
Sandoz Spa
Abigail Care Pharmaceutical
Pfizer Inc.
Johnson & Johnson (Janssen Pharmaceuticals, Inc.)
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Key Takeaways from Market Study
Erythematotelangiectatic rosacea, a subtype of rosacea, which is characterised by recurrent episodes of transient face erythema (flushing) and no transient, or chronic, erythema, occurs most commonly amongst and holds the highest market share of around 35.4%.
Antibiotics are the most commonly preferred drug class by physicians for early relief from the disease. This segment accounts for the highest share of 39.5% in the market.
Treatment of rosacea is challenging given the varied manifestations and incompletely understood etiology. Topical treatment is growing tremendously and holds a market share of 29.3%.
Pharmaceutical companies are steadily transitioning toward innovation and sales of new drugs. Thus, retail sales, including retail pharmacies & drug stores hold the highest market share of 52.1%.
The North America rosacea therapeutics market accounted for 32.6% of the total market share, by value, in 2021.
“Increased prevalence of rosacea and advances in patient-specific pathophysiology will drive the rosacea therapeutics market over the coming years,” says an analyst of Persistence Market Research.
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Market Competition
Key providers of rosacea therapeutics are investing in innovating cost-effective treatment to gain the attention of healthcare providers. Along with product innovation, key players are also aiming for various acquisitions to create goodwill and successfully market their products.
For instance, on December 1, 2021, Sanofi entered into an agreement to acquire Origimm Biotechnology GmbH.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the rosacea therapeutics market in its latest study, presenting historical demand assessment of 2017 – 2021 and projections for 2022 – 2032.
The research study is based on disease type (erythematotelangiectatic rosacea, papulopustular rosacea, ocular rosacea, phymatous rosacea), drug class (antibiotics, immunosuppressants, corticosteroids, others), treatment type (antibiotics [clindamycin, erythromycin/clarithromycin, metronidazole, doxycycline, tetracycline, lymecycline, minocycline], topical treatment [sodium sulfacetamide, azelaic acid, metronidazole, clindamycin, erythromycin, tretinoin, oxymetazoline, isotretinoin tazarotene, adapalene, steroid creams] ,eye drops and lubricants [brimonidine , steroid eye drops, artificial tears ,other eye drops and lubricants, others) other drugs including methotrexate and ivermectin, laser therapy), route of administration (oral, topical, others), distribution channel (institutional sales [hospitals, speciality clinics, academic and research institutes], retail sales [retail pharmacy, drug stores], online sales), and region.
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